openPR Logo
Press release

Smart Home Devices Market- Technological Advancements to Underscore Lucrative Growth Opportunities | LG Electronics, Schneider Electric, Philips Lighting

06-19-2019 03:56 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Smart Home Devices Market- Technological Advancements

A new report published by Future Market Insights titled ‘Smart Home Devices Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)’ studies the performance of the global smart home devices market over a 10 year assessment period from 2017 to 2027. The report presents the value forecast of the global smart home devices market and provides key insights on the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from nearly US$ 20,800 Mn in 2017 to about US$ 125,000 Mn by 2027 end, resulting in a growth rate of 19.7% during the forecast period.

Request to View Sample of Research Report @

Global Smart Home Devices Market: Segmentation and Forecast

The report segments the global smart home devices market on the basis of component and application. The component segment is further segmented into devices and services.

The lighting control devices component segment is estimated to be valued at nearly US$ 2,900 Mn in the year 2017 and is estimated to reach a value of nearly US$ 21,000 Mn in the year 2027, exhibiting a CAGR of 22.0% during the period of assessment. The security and control devices component segment is estimated to be valued at nearly US$ 3,000 Mn in the year 2017 and is estimated to reach a value of nearly US$ 21,200 Mn in the year 2027, exhibiting a CAGR of 21.6% during the forecast period.

By application, the security and surveillance market is anticipated to expand at a high CAGR over the forecast period due to a growing demand for real-time remote monitoring of home security. The security and surveillance segment by application is projected to grow at the highest rate of 21.1% during the period 2017 – 2027.

Global Smart Home Devices Market: Regional Forecast

Future Market Insights tracks the performance of the global smart home devices market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa. The North America smart home devices market is estimated to be valued at nearly US$ 6,200 Mn in the year 2017 and is likely to reach a value of nearly US$ 36,300 Mn in the year 2027, exhibiting a CAGR of 19.3% during the assessment period. The APEJ smart home devices market is estimated to be valued at nearly US$ 3,500 Mn in the year 2017 and is slated to touch a figure of nearly US$ 27,700 Mn in the year 2027, exhibiting a CAGR of 23.2% during the forecast period.

Need more information about Report methodology @

Global Smart Home Devices Market: Vendor Insights

The report profiles some of the important players operating in the global smart home devices market such as LG Electronics, Schneider Electric, Philips Lighting, SAMSUNG ELECTRONICS CO. LTD., Inc., Siemens AG, Legrand, Robert Bosch GmbH, GE Appliances, Honeywell International Inc., Apple Inc., Ingersoll-Rand Nexia Intelligence LLC., Nest Labs, UNITED TECHNOLOGIES and Lutron Electronics Co., Inc. Strategic partnerships and continuous updating of product portfolios are the key strategies being adopted by some of the leading companies in this market.

To Know More Information about This Report, Ask The Analyst:

Contact Us

U.S. Office

616 Corporate Way, Suite 2-9018,

Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705



About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Home Devices Market- Technological Advancements to Underscore Lucrative Growth Opportunities | LG Electronics, Schneider Electric, Philips Lighting here

News-ID: 1781425 • Views: 541

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases

More Releases for Devices

Anesthesia Monitoring Devices Market
Anesthesia Monitoring Devices Market was valued at USD 1035 Million in 2016 and is expected to reach USD 3272 Million by 2026, at a CAGR of 12.2%.(Detailed analysis of the market CAGR is provided in the report)Anesthesia Monitoring Devices MarketThe use of anesthesia monitoring device is to monitor a patient’s response towards anesthetic drugs during a surgery procedure. The Market for anesthesia monitoring devices primarily depends on increasing life expectancy
Digital Microfluidic Devices Market
This report studies the Digital Microfluidic Devices Market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions. This report presents the worldwide Digital Microfluidic Devices market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market
Global Electrosurgical Devices Market
According to a new report Global Electrosurgical Devices Market (2016-2022), published by KBV Research, the global Electrosurgical Devices market is expected to attain a market size of $5.3billion by 2022, growing at a CAGR of 6.2% during the forecast period. The Electrosurgical Instruments market dominated the Global Electrosurgical Devices Market by Product in 2015, and would continue to be a dominant market till 2022. The Argon & Smoke Management Systems market
Aesthetic Devices-Medical Devices Pipeline Assessment 2017 published “Aesthetic Devices-Medical Devices Pipeline Assessment 2017” from its database. The report reviews top companies involved and enlists all trials pertaining to the company. Report provides latest news for the past three months. Original Content: Publisher's Medical Devices sector report, "Aesthetic Devices-Medical Devices Pipeline Assessment, 2017" provides an overview of Aesthetic Devices currently in pipeline stage. The report provides comprehensive information on the pipeline products with comparative analysis of the products at
Neurorehabilitation Devices Industry Drivers
Neurorehabilitation Devices Market: Snapshot The market for neurorehabilitation devices holds a lot of potential, analysts have found. Already well-established markets in North America and Europe, coupled with immense growth opportunities in the emerging economies of Asia Pacific and Latin America indicate the favorable pace at which the global neurorehabilitation devices market is likely to grow over the coming years. The introduction of wearable technology and robotics has been having a tremendous
Viscosupplementation Devices – Medical Devices Pipeline Assessment, 2017
ReportBazzar has released its latest research-based report entitled ‘Viscosupplementation’ market. This report provides a holistic approach to the market growth with a detailed and precise analysis of the overall competitive scenario of the Viscosupplementation market. The report also provides a detailed analysis of key trends and latest technologies, playing a prominent role in the Viscosupplementation market growth. It takes into account aspects such as drivers, restraints, challenges, and opportunities that impact